CIBIL Score Analysis

CIBIL Score Analysis

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Deal Cadet
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I was checking my CIBIL report today , one thing I notice is

Utilization : 81%

Why Banks are reporting lower High Credit limit to CIBIL ? is there any reason for that ?

one of my bank has reported 1.5 L Credit limit for their CrediCard where as actual credit limit is 7.5 lac.

Due to this My Utilization is above 81% . Is it good or bad ?

11 Comments  |  
7 Dimers
Giphy
Deal Cadet
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should I ask my bank to report right credit limit and not to hide the credit limit from CIBIL ? I do not understand Bank hiding credit limit is good for customer or not.

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Deal Subedar
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That 1.5L must the maximum usage you might have done on your card

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Deal Subedar
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And you should try to reduce your utilization to less than 50% to increase your credit score

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dev007 wrote:

And you should try to reduce your utilization to less than 50% to increase your credit score

yes .

they are showing like this
Credit limit : -
High Credit : 300
Creditbalance : 250

when I am using my crredit card I always keep in mind that not to use more than 30% of available credit . I always do that

see , I have used 1,50,000 on my credit card whose limit is 7.5L which is just 20% utilization . but since bank has reported that High Credit is 1.7 L and balance is 1.5 L this gives a utilization ration around 88%. This is not my fault .

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Puchka wrote:

yes .

they are showing like this
Credit limit : -
High Credit : 300
Creditbalance : 250

when I am using my crredit card I always keep in mind that not to use more than 30% of available credit . I always do that

see , I have used 1,50,000 on my credit card whose limit is 7.5L which is just 20% utilization . but since bank has reported that High Credit is 1.7 L and balance is 1.5 L this gives a utilization ration around 88%. This is not my fault .

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Deal Subedar
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For you at least the have reported some credit limit, for me the haven’t reported any limit it’s nil

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caks2006407 wrote:

CIBIL report is from?

from CIBIL itself . I have subscribed to their annual subscription.

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Puchka wrote:

from CIBIL itself . I have subscribed to their annual subscription.

sorry for bumping old thread
what happened after ?

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